answersLogoWhite

0

No.

A debit card is connected to actual funds from a checking or savings account. When used as a debit card, at a merchant, a PIN is required for the purchase to be approved. However, it can also be used as credit in which a PIN is not required. PIN = Personal Identification Number.

A credit card is connected to a line of credit (borrowed money). In which the card holder is required to pay a minimum payment each month, or they may pay the full balance to avoid interest charges.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What type of credit card is Visa or Discovery?

Visa Debit Card


Is a Visa card considered a debit card?

No, a Visa card is not considered a debit card. It is a type of credit card that allows users to make purchases on credit and pay off the balance later.


Is Mastercard a debit card?

no, it is a credit card. a mastercard can be either a debit or a credit card


debit card?

Debit Card vs Credit Card


Is a refund to a credit card a debit or credit?

Debit


Is Visa a credit card or a debit card?

Visa is a payment network that processes transactions for both credit and debit cards. It is not a specific type of card itself, but rather a company that provides the infrastructure for card transactions.


Can you run a debit card as credit for this transaction?

Yes, you can run a debit card as credit for this transaction.


What type of credit card starts with 4462?

Visa Halifax debit cards start with it I think.


How can I transfer money from my debit card to my credit card?

You cannot directly transfer money from a debit card to a credit card. You can use your debit card to pay off the balance on your credit card by making a payment through your credit card issuer's website or app.


How does having a debit card declined affect my credit score?

Having a debit card declined does not directly affect your credit score because debit card transactions do not impact your credit history. Your credit score is based on your credit card usage, loan payments, and other credit-related activities, not on debit card transactions.


Can I pay with my debit card using a credit card?

No, you cannot pay with a debit card using a credit card. Debit cards and credit cards are different payment methods with separate accounts and functions.


Does debit card build credit?

A debit card is a card that takes money straight out of the bank, however, a credit card lets you borrow money, but you must pay interest. So, a debit card does not build credit.